USDJPY

USDJPY on weekly graph looks a good bet on the short side. 50 Week MA has capped the prices well. We got a nice bounce on daily graph.

Weekly MACD and Stochastic are now in sell mode and RSI (21-week) has broken down below 50.

This is a good long term short with a risk level of 101 and adding expected further weakness below 93 daily close. Expect prices to decline below previous lows of 87.